New Hampshire § 304-C-93 - Section 304-C:93 Limitations on Distributions.
Full text of New Hampshire New Hampshire Revised Statutes Annotated § 304-C-93 — Section 304-C:93 Limitations on Distributions., with citation guidance and answers to common questions.
§ 304-C-93. Section 304-C:93 Limitations on Distributions.
I. A limited liability company shall not make a distribution to a member to the extent that at the time of the distribution, after giving effect to the distribution, the company would not be able to pay its debts as they become due. II. (a) A member who receives a distribution in violation of paragraph I, and who knew at the time of the distribution that it violated paragraph I, shall be liable to a limited liability company for the amount of the distribution, but only to the extent that the distribution exceeded the amount that could have been properly paid under paragraph I. (b) A member who receives a distribution in violation of paragraph I, and who did not know at the time of the distribution that the distribution violated paragraph I shall not be liable for any amount of the distribution.
Source: official New Hampshire text · Last verified 2026-08-27
Frequently Asked Questions About New Hampshire § 304-C-93
What does New Hampshire Revised Statutes Annotated § 304-C-93 cover?
Section 304-C-93 ("Section 304-C:93 Limitations on Distributions.") is part of the New Hampshire Revised Statutes Annotated, the codified statutory law of New Hampshire. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Hampshire § 304-C-93?
A common citation format is "New Hampshire Revised Statutes Annotated § 304-C-93" (New Hampshire). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Hampshire law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Hampshire official source linked on this page or consult a licensed New Hampshire attorney.
How does New Hampshire § 304-C-93 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Hampshire can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Hampshire.